Macau’s Legislative Assembly passed a new gaming credit law on Thursday afternoon which prohibits casino management companies from providing credit and establishes a penalty mechanism for breaches.
Amendments to the previous bill were first announced by the Macau Executive Council in April and sent to the Legislative Assembly where it was passed unanimously on the first vote.
It will now be discussed in the Legislative Assembly committee.
The bill, titled “Legal regime of credit concession for gambling in casinos”, stipulates that casino management companies, such as those operating satellite casinos on behalf of concessionaires, cannot extend credit to players, with only junkets and concessionaires themselves able to do so. It also adds a new law regulating the contracts between gaming junkets and concessionaires, introduces a new monitoring authority and provides for a penalty system.
